Top MBA Colleges in Pune 2023

We are here to let you know the best MBA institutes in Pune. Also, we will tell you how to choose the unequaled and ideal college for your academic and professional career. Since business studies and management studies belong to one of the toughest career choices, it is not wrong to say that motivation is an absolute necessity.

For motivation, you need to have the best faculty, academic atmosphere, placements, and great pay packages. Unless you feel satisfied with the college you have chosen for yourself, accomplishing things is a dead end. When it comes to Pune’s capability to empower students from all over the globe with a stellar level of education, you must never underestimate the potential lying dormant in its forthcoming focal point of academia.

Pune is also known as the ‘Oxford of the East’ and that too very appropriately. It has a historical significance, and on top of that, there are quite a few prestigious colleges in Pune that enhance the growth and diversity of the city. Those MBA students who are looking forward to making a career in the fields of research and innovations of technology can find the best possible opportunities her

From L’Oreal to Colgate to Bajaj Company, the students get the most esteemed placements ever possible for any MBA student. Pune is the place where students can afford to have a top-notch quality of life at a price that is payable. Also, the city is safer than its neighbour city - Mumbai.

Top MBA Colleges in Pune (NIRF Ranking)

The National Institutional Ranking Framework, popularly known as NIRF was set afloat for the first time in 2015 by MHRD. This system uses several parameters and sub-parameters to rank various institutions of the nation in a variety of academic hubs. Few of the parameters that are taken into consideration during the methodology to announce the rankings are - availability of learning resources to all students, engagement of faculty, the kind of career options that placement offers and the scope to do research in any specialised field of study. This year, NIRF included four MBA colleges from Pune in the list of Top 100 MBA Colleges in India.

Top MBA Colleges in Pune

Top MBA Colleges in Pune (Careers360 Ranking)

Careers360 is one of the prominent websites where students can find out about leading colleges across domains like - Pharmacy, MBA, Law, Medical, Engineering, and so much more. There is a lot left for exploration until you know which college you want to seek admission into. The factors that decide the rankings are - the kind of students who take admissions generally every year, the kind of research opportunities available, the kind of ecosystem that prevails and the kind of student-teacher interface that exists in the college.

Top 10 MBA College in Pune

Top MBA Colleges in Pune (Placement Rankings)

Every placement experience in any college cannot be segregated into a good experience and bad experience. Eventually, it is all about your learning experience. There are some top colleges in Pune that offer the best MBA programs with nearly a hundred percent promise of a decent placement. Many recruiters come here to hire some of the brilliant brains in the country. Top recruiters look for someone whose prowess over the skills required is so important that the individual becomes an asset, a critical member of the company. 

Previous years’ placement report of the top management colleges in Pune states that the students who did an MBA from those colleges were placed in some of the best organizations in India or in the world. Many top organizations visited the campuses and hired students while offering them an appreciable package. The average package offered to students of SCMHRD is 13.24 LPA.The top MBA colleges in Pune based on their placement rankings are: -

Top Management Colleges in Pune

Top Private MBA Colleges in Pune (Based on ROI)

Every student desires to be financially independent after reaching a certain age. This is probably one of the main reasons for which candidates want to excel in their academic career. Other than gaining a reputation in the company that has recruited you, you must look for the salary that suits your abilities. Never settle for less when you know that you are worthy of more. Return on Investment, well known as ROI, is an important factor by which the credibility and profitability of the MBA college are determined. In the list given below, we have mentioned five of the best private MBA colleges in Pune that offer an amazing ROI.

Top Private and Public MBA Colleges in Pune (Based on Fees)

One factual information for those who are confused about why every MBA applicant gives preference to Pune - there are around 208 business schools there which mean that there are a lot of opportunities to be selected for one of them. Also, the colleges are reputed and are known to offer the best in all realms. There are 149 private colleges to be precise while there are 2 public colleges and the remaining ones are all private-public colleges. In the tabulated list below, we have ranked the top private and public MBA colleges in Pune based on how much fees need to be paid -

Top Private MBA Colleges in Pune

Top Public MBA Colleges in Pune

 Top MBA Colleges in Pune for the most popular MBA specialisations

Marketing

Specialisation in the marketing stream has exponentially grown in demand over the years. A large number of MBA students choose marketing as their specialisation because of the excellent career prospects on offer. Listed below are the best MBA colleges in Pune for specialisation in Marketing -

1. Balaji Institute of Modern Management

2. Institute of Management and Entrepreneurship Development

3. Symbiosis Institute of Business Management

4. FLAME University

5. Chetan Dattaji Gaikwad Institute of Management Studies

Finance

Specialising in Finance while pursuing MBA in Pune is an extremely popular option amongst the students. Excellent domestic and international career opportunities being the driving force behind this trend. The top 5 MBA colleges in Pune that offer MBA in Finance are listed below: -

1. Genesis Business School

2. Symbiosis Institute of Management Studies

3. Department of Management Science, Savitribai Phule Pune University

4. FLAME University

5. All India Shri Shivaji Memorial Society’s Institute of Management

Human Resource Management

Another popular specialisation that students like to pursue during their MBA is in Human Resource Management. As the importance of human resources is being realised across sectors, demand for professionals with an MBA in HR is also increasing. The top 5 MBA colleges in Pune offering this course are -

1. Balaji Institute of Modern Management

2. Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development

3. Symbiosis Institute of Management Studies

4. MIT School of Business

Top MBA Colleges in Pune Based on Entrance Exams

Along with national level entrance tests conducted for admission into MBA courses, there are some institutes in Pune which conduct separate university level entrance exams like - MAH CET and BVP BMAT. However, the all-India level tests that are accepted for MBA in Pune are CAT, XAT, MAT and CMAT.

MAT

Before we proceed, let us summarise what MAT is - The Management Aptitude Test scores are accepted by about 600 business schools located all over the country. This test is organised four times every year, and through this, around 3 lakh students get the opportunity to test their hard-work and luck to get into a good MBA program.

1. Savitribai Phule Pune University

2. Balaji Institute of Modern Management

3. Flame University, Pune

4. Arihant Institute of Business

CAT

The Common Admission Test is another All-India level entrance exam that is accepted by a large number of business schools in Pune. Students who score the required percentile have a better chance of getting into an MBA or MMS or PGDM programs at some of the best colleges in Pune.

1. Department of Management Sciences, Savitribai Phule Pune University

2. BIMM, Pune

3. ISB&M, Pune

4. FLAME University, Pune

5. National Insurance Academy, Pune

CMAT

CMAT, i.e. Common Management Admission Test is another popular MBA entrance exam which is attempted by hundreds of thousands of students every year. The Top MBA colleges in Pune that accept the percentile score obtained by the applicant in the Common Management Admission Test are: -

1. BIMM, Pune

2. AISSM Society Institute of Management, Pune

3. Indira Institute of Management, Pune

XAT

Around 150 colleges from all over India accept the scores acquired in this exam which is conducted every year by XLRI. The top MBA colleges in Pune which accept XAT scores are as follows -

1. BIMM, Pune

2. ISBM, Pune

3. Flame University, Pune

Popular Specialisations from Top MBA Colleges in Pune

There are three categories of MBA colleges in Pune that offer this most-sought-after qualification. The types are - IIMs, University MBA Colleges and PGDM colleges which are approved by AICTE. The IIM is located in Nagpur which is nearby to Pune. The University MBA colleges in this city include some of the following - SIBM and BIMM. The PGDM colleges in Pune include some of the following ones - ISB&M, ISMR Pune, MITCON Pune and NIA Pune. The presence of these renowned management institutes in Pune makes this city the capital of MBA. However, there are quite a few areas of specialisation that candidates can choose during their MBA course. Some of the most prominent ones are mentioned below -

• Marketing
• Finance
• Sales
• HR
• International Business
• Rural Management
• Supply Chain

Skills Required for an MBA aspirant

Like any other field of expertise, there are certain mandatory required skills that every MBA professional must exhibit. Some of the skills that you, as an applicant must possess are as follows –

1. Brilliant communication skill

2. Ability to lead a team

3. Mindset for solving problems

4. Must have an outlook or orientation for research

5. Should be focused solely on the goal

6. Ability to nail mathematical calculations under pressure

7. Must be an analyst with an eye for precision

Top MBA Colleges in Pune- Admission Process

Although the admission process across all MBA colleges in Pune tends to be similar, the eligibility criteria vary from one institute to another. However, there are basic guidelines that need to be fulfilled before you start your journey of getting an MBA from a reputed college in Pune. The eligibility criteria for top MBA colleges in Pune can be summarised

1. If you want to do a full-time MBA course, then you must have passed your graduation level exams with an average of 50 percent marks.

2. A few colleges bend the aggregate percentage rules a bit for reserved category students by giving a slight relaxation of 5 percent.

3. Undergraduate students who are in their last year of UG degree can also apply for the MBA program, subject to obtaining the required percentage in the final year exams.

4. Candidates must then appear for the suitable entrance exam. Some of the most popular entrance exams for MBA colleges in Pune are CAT, MAT, XAT, SNAP, and CMAT.

5. Students are shortlisted based on their profile and percentile score in the entrance exam.

6. The institute then conducts a group discussion and personal interview round to shortlist the candidates for admission.

7. There are a few colleges which also organise an extempore or a debate to find out the potentialities of the candidates who have applied for the admission.

8. The final selection list is published on the institute’s website. Students must complete the admission formalities as per the given timeline to confirm the admission.

How to select the best MBA college in Pune?

MBA or Master of Business Administration is one of the most acclaimed degrees that a postgraduate student can pursue. Now, there are plenty of MBA institutions who offer this program, but if you happen to prefer the MBA hub of India, that is Pune, then we are here to describe certain steps that you must follow to select the best MBA college in Pune. The steps are mentioned below: -

1. Find out your preferred domain of specialisation and then check your eligibility for each college.

2. Keep in mind the NIRF and Careers360 rankings of the colleges.

3. Find out if you can afford to pay for the course. Also, look for financial aid scholarships to be at a safe side in case it is a private college.

4. The placement packages of the colleges matter a lot.

5. Unless the college has a stupefying faculty of nourishing your brain, there is no point in going to that college. Teachers help you learn so find out about the faculty of the institute.

Frequently Asked Questions (FAQs)

1. Which specialised field in MBA will pay me the maximum?

MBA in Business Analytics and MBA in Sales and Marketing is known to offer some of the highest pay packages.

2. In case I choose to specialise in IT, what is the maximum salary that can be expected?

Candidates with an MBA in IT can expect an average annual salary of around Rs. 9-10 lakh.

3. What is the average course fee of an MBA in Mumbai?

If you want to pursue MBA in Mumbai, then you can expect to pay a course fee of around 7 lakh.

4. Is there any way I can qualify for an MBA in IIM in my first attempt?

In case you are a local student (from India), then you have to get the required percentile in the CAT and then qualify the group discussion and personal interview rounds. Whereas, if you are an international student, then you have to ace the GMAT exam.

5. What are some of the job prospects after completing MBA?

A lot of career opportunities open up in diverse fields after an MBA. Some of the most popular ones being Finance and Sales Manager, Marketing and Human Resources Manager, Digital Marketing Manager, Product and Operations Manager etc.

6. Which are the most popular entrance exams for admission in MBA colleges of Pune?

CAT, XAT, CMAT, MAT, ATMA, BMAT, SNAP are some of the most popular entrance exams for MBA colleges in Pune.

7. Is specialisation in the telecom and management sector too technical to cope with during an MBA?

Yes, around 50 to 60 percent of the subject matter contained in the telecom and management sector of MBA is technical and considerably tough. Students with a background in engineering are better poised for this type of course curriculum.

8. Is an MBA from SDTM, Pune, a residential course?

Yes, it is a two-year-long program which includes regular classroom sessions. So, students prefer to stay at the hostel inside the premises.

9. Are students of BioTech and BBA eligible for doing an MBA?

Students who have completed their graduation in any discipline can apply for admission into an MBA program. This includes students who have completed a BBA or degree in Biotechnology.

10. Are students who have done their graduation via a distance course eligible for a full-time MBA degree?

No, only those candidates who have completed their graduation through the regular route can seek admission in MBA. Distance learning students are not eligible for admission.